The Euribor takes a new leap and reaches 1.6% in its daily rate, with the monthly average over 1.2%

MADRID, 29 Ago. (EUROPA PRESS) -

The Euribor stood at 1.612% in its daily rate this Monday, its highest level since February 2012, according to data consulted by Europa Press.

This is a new jump from the 1.482% recorded on Friday, which also raises the provisional monthly average of the 12-month Euribor for August to 1.236%, well above the 0.992% in July.

If confirmed, in the absence of knowing the values ​​that will mark Tuesday and Wednesday, it would be the highest monthly data since May 2012, when it was placed at 1.266%.

This rise in the index will mean a significant increase for those who have their quota revised. For example, for a variable mortgage of 150,000 euros over 30 years and with a spread of Euribor plus 1%, the monthly installment to be paid will go from 458.12 euros to 572.3 euros, which represents a monthly increase of 114.18 euros or, what is the same, 1,370 euros more per year.

The reference index for most variable-rate mortgage loans in Spain has increased its rise after rumors broke on Friday that some members of the European Central Bank (ECB) would be in favor of a rate hike of 75 basis points at the September meeting, above the 50 basis points expected by the market.

Likewise, on Friday, the president of the Federal Reserve (Fed) of the United States, Jerome Powell, warned at the Jackson Hole central bankers summit that companies and households will have to endure "some pain" as a toll to tackle the high rates of inflation that the country has been experiencing for months and reiterated the objective of the Federal Reserve to control inflation until it reaches a level of 2%.

The markets have accused the 'hard' course adopted by the Fed, which could lead the body to a new rise of 75 basis points at its next meeting, scheduled for September.